Corresponding Component definition

Corresponding Component. As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal Balance Certificates or Lower-Tier Regular Interest.

Corresponding Component. As defined in the Preliminary Statement with respect to any Corresponding Certificate or any Corresponding REMIC I Regular Interest.

Corresponding Component. As identified in the Preliminary Statement with respect to any Class of Regular Certificates, Class PEZ Regular Interest or Lower-Tier Regular Interest.

Examples of Corresponding Component in a sentence

• All Prepayment Interest Shortfalls and Relief Act Interest Shortfalls on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Prepayment Interest Shortfalls and Relief Act Interest Shortfalls are allocated to the related Uncertificated Corresponding Component.

• All Prepayment Interest Shortfalls and Relief Act Interest Shortfalls on the REMIC II Regular Interests shall be allocated by the Trust Administrator on each Distribution Date among the REMIC II Regular Interests in the proportion that Prepayment Interest Shortfalls and Relief Act Interest Shortfalls are allocated to the related Uncertificated Corresponding Component.

• Each Class of Regular Certificates (other than the Class X Certificates) and each Class PEZ Regular Interest constitutes the “Corresponding Certificates” with respect to that Class’ or Class PEZ Regular Interest’s Corresponding Lower-Tier Regular Interest and Corresponding Component.

• Each Class of Regular Certificates (other than the Class X Certificates) and each Class EC Regular Interest constitutes the “Corresponding Certificates” with respect to that Class’ or Class EC Regular Interest’s Corresponding Lower-Tier Regular Interest and Corresponding Component.

• Realized Interest Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interests and shall be allocated pro rata based on the product of the Certificate Balance of each REMIC II Regular Interest and the Class X Strip Rate (if any) applicable to the Corresponding Component relating to such REMIC II Regular Interest.

More Definitions of Corresponding Component

Corresponding Component. As identified in the Preliminary Statement with respect to any Class of Sequential Pay Certificates or Lower-Tier Regular Interest.

Corresponding Component. With respect to any class of REMIC I Interests or REMIC II Interests, the Component so designated in the Preliminary Statement hereto. With respect to any Component, the class or classes of Lower Tier Interests so designated in the Preliminary Statement hereto.

Corresponding Component means the Component as set forth in the Preliminary Statement with respect to any Corresponding Certificate or any Corresponding REMIC II Regular Interest.

Corresponding Component means, in respect of a Component in a Strategy Pair, the other Component in such Strategy Pair.

Corresponding Component shall have the meaning assigned thereto in the Preliminary Statement with respect to any Corresponding Certificate or any Corresponding Uncertificated Lower-Tier Interest.

Corresponding Component. As identified in the Preliminary Statement with respect to any Class of Non-Uncertificated VRR Retained Pooled Principal Balance Certificates or Lower-Tier Regular Interest.

Corresponding Component. As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal Balance Certificates, Class of Loan-Specific Principal Balance Certificates, Lower-Tier Regular Interest or Trust Subordinate Companion Loan Regular Interest.